Eagle Bulk to Retrofit Up to 37 Ships with Scrubbers

BulkerIllustration; Image Courtesy: Pixabay under CC 2.0 license

Nasdaq-listed owner of bulk carriers Eagle Bulk Shipping has entered into a series of agreements for the purchase of up to 37 exhaust gas cleaning systems (scrubbers) which are to be retrofitted on vessels within its fleet.

The contracts include firm orders for 19 scrubbers and up to an additional 18 units. The projected cost, including installation, is approximately USD 2 million per scrubber system.

Eagle Bullk said that it intends to complete the retrofit of all 19 vessels prior to the January 1, 2020 implementation date of the new sulphur emission cap regulation.

The company said that it has developed a scrubber installation program with an unnamed engineering firm whereby a significant amount of the required retrofit work will be carried out on board the vessels while at sea and trading, thereby reducing off-hire time as compared with a typical shipyard installation.

 “Today’s announcement is the culmination of significant work and analysis, and we are excited to be able to position ourselves to not only meet the forthcoming sulphur emission regulations, but also to realize the economic advantage we believe scrubbers will provide.  Additionally, we are confident that Eagle Bulk’s active owner-operator model will ensure that we can effectively maximize the returns on this investment and technology,” Gary Vogel, Eagle Bulk’s CEO, commented.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >